Art Space-lima is a 501(c)(3) organization based in Lima, Ohio, registered in 1967, with $376,734 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$377K
▼ 38.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$260K
Net assets
$850K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Art Space-lima— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Art Space-lima: 39 mo reserves · +31% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Art Space-lima— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Art Space-lima: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $219K (FY2013) to $377K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
31.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$857K
Total liabilities
$6,979
Net assets
$850K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $376,734▼38.7% | $259,780▼15.1% | $849,847▲19.8% | $856,826▲20.6% | 990 |
| 2023 | $614,396▲87.9% | $306,008▲22.7% | $709,476▲86.5% | $710,333▲86.1% | 990 |
| 2022 | $327,042▲30.7% | $249,418▲6.6% | $380,420▲25.6% | $381,628▲23.7% | 990 |
| 2021 | $250,132▲27.3% | $234,029▲45.1% | $302,796▲5.6% | $308,402▲7.2% | 990 |
| 2020 | $196,419▲15.9% | $161,253▼18.3% | $286,693▲14.0% | $287,742▲14.3% | 990EZ |
| 2019 | $169,479▼24.1% | $197,278▼14.7% | $251,527▼10.0% | $251,805▼10.2% | 990EZ |
| 2018 | $223,272▲3.7% | $231,346▼4.9% | $279,326▼2.8% | $280,290▼3.0% | 990 |
| 2017 | $215,219▲3.0% | $243,296▲4.7% | $287,400▼9.1% | $288,840▼9.1% | 990 |
| 2016 | $208,886▼22.9% | $232,464▼21.9% | $316,244▼6.9% | $317,811▼7.3% | 990 |
| 2015 | $270,927▲27.9% | $297,735▲23.8% | $339,822▼4.7% | $342,852▼6.5% | 990 |
| 2014 | $211,839▼3.1% | $240,420▼9.5% | $356,745▼12.5% | $366,510▼12.3% | 990 |
| 2013 | $218,562 | $265,736▲11.0% | $407,879▼10.5% | $418,129▼9.1% | 990 |
| 2012 | — | $239,336▲10.3% | $455,819▼44.8% | $459,938▼44.5% | 990 |
| 2011 | — | $216,944▲3.1% | $825,948▼3.7% | $829,391▼3.7% | 990 |
| 2010 | — | $210,353 | $858,107 | $861,182 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Art Space-lima totaling $172K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Bon Secours Mercy Health Inc | Program support | 2024 | $44,000 |
| Bon Secours Mercy Health Inc | Mission support | 2023 | $60,000 |
| American Online Giving Foundation Inc | General support | 2023 | $7,500 |
| Bon Secours Mercy Health Inc | Mission support | 2021 | $10,000 |
| Greater Cincinnati Foundation | General purpose | 2021 | $10,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2021 | $7,425 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2020 | $7,425 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2019 | $16,350 |
| Greater Cincinnati Foundation | General purpose | 2015 | $9,025 |
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Data for Art Space-lima (EIN 34-6581141) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.